Our Biggest Creditor {China} Tells Us "The good old days of borrowing are over"
by: Les Carpenter Rational Nation USA Birthplace o Independent Conservatism Liberty -vs- Tyranny As the chickens come home to roast... Unbelievable we have been this stupid. ( Reuters ) - Global leaders on Saturday arranged a round of emergency calls to discuss the twin debt crises in Europe and the United States that are causing turmoil in financial markets . After a week that saw $2.5 trillion wiped off global stock markets, they are under pressure to show political leadership and reassure markets that Western governments have both the will and ability to reduce their huge and growing public debt loads. French President Nicolas Sarkozy, who chairs the G7/G20 group of leading economies, conferred with Britain's Prime Minister David Cameron ahead of a call planned for this weekend by G7 finance ministers and central bankers. "They discussed the euro area and the U.S. debt downgrade. Both agreed the importance of working together, monitoring the situation closely ...
And now we hear that Pres Trump approved this 7 months ago, making his public pronouncements of an imminent threat pure make believe. Even his Sec Def had to admit that Trump simply "Believes" the threat to be imminent, as he said he'd seen no intelligence to support the claim.
ReplyDeleteKnowing all we know about Trump how ANYONE still believes ANYTHING the "man" says is astonishing.
DeleteTrump is a self-serving egomaniac with no ethics or morals. Other than himself.
...and just think, he's gonna be reelelected in Nov.. damn, that's really going to piss you folks off
ReplyDeleteWell Rusty, I'm on record saying exactly that. But that's what elections are for. It's always tough for a party to dislodge an incumbent, especially with the economy in good shape.
ReplyDelete